Edgewater Closes Non-Brokered Private Placement

Edgewater Exploration Ltd. ("Edgewater" or the "Company") (TSX VENTURE:EDW) is
pleased to announce the Company has closed the previously announced non-brokered
private placement of $790,000 ("private placement"). 


The private placement consisted of the Company issuing 15,800,000 units (the
"Units") at a price of $0.05 per Unit for gross proceeds of $790,000. Each Unit
will consist of one common share and one common share purchase warrant. Each
warrant will entitle the holder to acquire an additional common share for $0.10
for a period of 5 years from the date of closing. The proceeds of the financing
will be used for general working capital. After closing the private placement
financing Edgewater has 104.7 million shares issued and outstanding.  


The shares issued in connection with the private placement have a four month
hold period ending on May 09, 2014. Edgewater paid finder's fees totalling
$15,000 in cash and issued 100,000 Units in connection with the private
placement.


About Edgewater Exploration Ltd.

Edgewater is a mineral development and exploration company focused on the
development of precious metal properties. Edgewater has an experienced mine
building and operating team with a track record of success. The Company is
currently developing the Corcoesto Gold Project in northwest Spain, and
exploring the Enchi Gold Project in Ghana, West Africa. 


On behalf of the board of EDGEWATER EXPLORATION LTD. 

George Salamis, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Edgewater Exploration Ltd.
Ryan King
Vice President
[phone]
[e-mail]